MSCI changes Burford Capital country classification to USA from United Kingdom

Rhea-AI Summary

Burford Capital (BUR) has announced a significant change in its MSCI country classification, transitioning from the United Kingdom to the United States. The reclassification will be implemented after market close on May 30, 2025, and become effective on June 2, 2025. As a result, Burford will be added to the MSCI USA Indexes and MSCI US Equity Standard and Small Cap Indexes, while being removed from the MSCI United Kingdom Indexes. This change is expected to trigger a shift in passive holdings from Burford's London-listed shares to its New York-listed shares in the near term.

Positive

• Inclusion in major US indices could increase visibility and trading volume for the stock
• Potential increase in US institutional investor interest and holdings
• May lead to broader market access and enhanced liquidity for US-listed shares

Negative

• Possible short-term selling pressure on London-listed shares as passive funds rebalance
• May result in temporary stock price volatility during the transition period

NEW YORK, May 14, 2025 /PRNewswire/ -- Burford Capital Limited ("Burford" or the "Company"), the leading global finance and asset management firm focused on law, notes the announcement by MSCI for the purpose of its MSCI Global Standard Indexes of a change to the country classification of Burford Capital.

Implemented as of the close on May 30, 2025, and effective June 2, 2025, Burford will be added to the MSCI USA Indexes and MSCI US Equity Standard and Small Cap Indexes and deleted from the MSCI United Kingdom Indexes.

The change of Burford's country classification is expected to result in some rotation of passive holdings from the Company's London stock line to the New York stock line in the immediate term.

About Burford Capital

Burford Capital is the leading global finance and asset management firm focused on law. Its businesses include litigation finance and risk management, asset recovery and a wide range of legal finance and advisory activities. Burford is publicly traded on the New York Stock Exchange (NYSE: BUR) and the London Stock Exchange (LSE: BUR) and works with companies and law firms around the world from its global network of offices.

For more information, please visit www.burfordcapital.com.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any ordinary shares or other securities of Burford.

This press release does not constitute an offer of any Burford private fund. Burford Capital Investment Management LLC, which acts as the fund manager of all Burford private funds, is registered as an investment adviser with the US Securities and Exchange Commission. The information provided in this press release is for informational purposes only. Past performance is not indicative of future results. The information contained in this press release is not, and should not be construed as, an offer to sell or the solicitation of an offer to buy any securities (including interests or shares in any of Burford private funds). Any such offer or solicitation may be made only by means of a final confidential private placement memorandum and other offering documents.

Forward-looking statements

This press release contains "forward-looking statements" within the meaning of Section 27A of the US Securities Act of 1933, as amended, and Section 21E of the US Securities Exchange Act of 1934, as amended, that are intended to be covered by the safe harbor provided for under these sections. In some cases, words such as "aim", "anticipate", "believe", "continue", "could", "estimate", "expect", "forecast", "guidance", "intend", "may", "plan", "potential", "predict", "projected", "should" or "will", or the negative of such terms or other comparable terminology, are intended to identify forward-looking statements. Although Buford believes that the assumptions, expectations, projections, intentions and beliefs about future results and events reflected in forward-looking statements have a reasonable basis and are expressed in good faith, forward-looking statements involve known and unknown risks, uncertainties and other factors, which could cause Burford's actual results and events to differ materially from (and be more negative than) future results and events expressed, projected or implied by these forward-looking statements. Factors that might cause future results and events to differ include, among others, those discussed in the "Risk Factors" section of Burford's Annual Report on Form 10-K for the year ended December 31, 2024 filed with the US Securities and Exchange Commission on March 3, 2025. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements contained in the periodic and current reports that Burford files with or furnishes to the US Securities and Exchange Commission. Many of these factors are beyond Burford's ability to control or predict, and new factors emerge from time to time. Furthermore, Burford cannot assess the impact of each such factor on its business or the extent to which any factor or combination of factors may cause actual results and events to be materially different from those contained in any forward-looking statement. Given these uncertainties, readers are cautioned not to place undue reliance on Burford's forward-looking statements.

All subsequent written and oral forward-looking statements attributable to Burford or to persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. The forward-looking statements speak only as of the date of this press release and, except as required by applicable law, Burford undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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SOURCE Burford Capital

FAQ

When will BUR's MSCI country classification change from UK to USA become effective?

The change will be implemented after market close on May 30, 2025, and become effective on June 2, 2025.

Which MSCI indexes will Burford Capital (BUR) be added to after the reclassification?

Burford Capital will be added to the MSCI USA Indexes and MSCI US Equity Standard and Small Cap Indexes.

How will the MSCI reclassification affect Burford Capital's stock trading?

The reclassification is expected to cause some rotation of passive holdings from Burford's London stock line to the New York stock line in the immediate term.

Which MSCI indexes will Burford Capital be removed from after May 30, 2025?

Burford Capital will be deleted from the MSCI United Kingdom Indexes.